Real Estate 101 by Sabrina Peterson
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Real Estate 101 by Sabrina Peterson
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Description
Sabrina Peterson is the Glam University CEO, a seasoned business and life coach, and serves as the Business Editor of Rolling Out Magazine. A self-taught entrepreneur, she has launched multiple successful businesses both online and in a traditional brick-and-mortar setting and has a passion for helping other female entrepreneurs find their footing.
Information about business:
Business is the activity of making one’s living or making money by producing or buying and selling products (such as goods and services).
[need quotation to verify] Simply put, it is “any activity or enterprise entered into for profit.
It does not mean it is a company, a corporation, partnership, or have any such formal organization, but it can range from a street peddler to General Motors.”
Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business.
If the business acquires debts, the creditors can go after the owner’s personal possessions.
A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business.
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